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Whether collateral security is required ?

April 26, 2017collateral security

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Whether collateral security is required ?

1 Answer

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Posted

• No collateral/third party guarantee for loans upto Rs.5 lac. • No collateral/third party guarantee for loans upto Rs.25 lac covered under Credit Guarantee Trust Scheme of SIDBI. • For other loans collateral/ third party guarantee will be considered as per Government / Bank’s policy guidelines.